Mass Media: ICO Projects Will Be Soon Standardized in Russia

The Russian Association of Cryptocurrency and Blockchain (RACIB) launched the development of a standard for the regulation of ICO-projects, the newspaper Izvestia reports.

The standard will cover such criteria as: authenticity of information about projects and team, business plan and minimum viability of the product. At the same time, the main product will be published on the web so that everyone can get to know it.

It is noted that standardization does not depend and is not regulated at the legislative level. It will be a component of market self-regulation.

The RAKIB Committee will conduct an examination of new ICO projects for compliance with standardization.

We would like to remind you that the participation of unqualified investors in the ICO will be limited by the Bank of Russia.

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